12, PARADE LANE, ELY, CB7 4JA - £305,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 PARADE LANE is a very small extended terraced house of 65m², built sometime between 1900 and 1929, which could now be worth an estimated £338,591. It was last sold for £305,000 in May 2022, which was around 25% above the average May 2022 terraced price in the East Cambridgeshire local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

12 PARADE LANE Sold Prices

Land registry data shows six sales for 12 PARADE LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the East Cambridgeshire local authority area for the corresponding sale date. All of the six 12 PARADE LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 19 MAY	£305,000	£243,765	25% above HPI
2018 13 JUL	£280,500	£227,851	23% above HPI
2015 6 FEB	£223,000	£179,046	25% above HPI
2011 11 NOV	£164,000	£146,079	12% above HPI
2004 23 APR	£130,000	£119,314	9% above HPI
2001 10 AUG	£86,500	£80,137	8% above HPI

12 PARADE LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Cambridgeshire local authority area over time, sourced from the HPI. The six 12 PARADE LANE sales between August 2001 and May 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2018 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the May 2022 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 12 PARADE LANE be worth now?

12 PARADE LANE might now be worth an estimated £338,591.

This is based on house price inflation of 11%, between May 2022 and April 2026, for terraced houses, in the East Cambridgeshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11% inflationary increase is applied to the most recent sale price for 12 PARADE LANE of £305,000 on 19th May 2022. For the value to have increased from £305,000 to £338,591 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 12 PARADE LANE has moved in line with the HPI for terraced houses in the East Cambridgeshire local authority area.
• The May 2022 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PARADE LANE has not materially changed since May 2022.

How Large is 12 PARADE LANE?

12 PARADE LANE is 65m², which includes two extensions, according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of terraced houses houses in Ely, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ely, and where 12 PARADE LANE lies on this distribution: 3% of terraced houses houses are smaller than 12 PARADE LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Ely.

12 PARADE LANE: Plot and Title Map

12 PARADE LANE sits on a plot of roughly 0.022 of an acre, or 88m². The below map shows the location of 12 PARADE LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 PARADE LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 PARADE LANE?

12 PARADE LANE is located in ELY, in the CB7 postcode district. The below map shows the position of No. 12 on PARADE LANE.